$XRP Rally running into resistance as momentum begins to fade
Trading Plan Short $XRP
Entry: 1.36 – 1.41
SL: 1.45
TP: 1.28
TP: 1.21
TP: 1.14
The recent push higher is starting to lose strength as price approaches a key resistance area.
Buyers were able to drive the bounce for a while, but the follow through now looks weaker and the move up is turning more into a slow grind rather than a strong breakout.
When price begins to climb like this without clear momentum, it often signals that buying pressure is fading.
Sellers appear to be gradually stepping back into the market around this zone, and if the resistance holds it could trigger a pullback toward lower support levels.
A rejection from this area would likely open the door for a deeper downside move as the market resets after the recent bounce.
XRPUSDT
Perp
1.4314
-2.75%